In this episode of Deconstructing the Magic Money Tree, Mike and David look at central banking, the Bank of International Settlements, the Bank of England and the “Firepower” they aim at the UK economy. They discuss some frightening statistics concerning money supply growth and ponder whether the real economy can escape the hole dug by our central bankers since the turn of the century can. They note that easy money and ideological compliance dominate central banking, with the financial system and political system now aligned and both all-in. In conclusion the risk of a future reset at a time of crisis is explored and the scale of this vent is sketched.
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About the Author: Neeraj
